GMP AMENDMENT NUMBER 17
EXHIBIT 10.3
GMP AMENDMENT NUMBER 17
This Separate GMP Amendment is executed this 4th day of February, 2008, by ▇▇▇▇▇▇▇
National, LLC (“Owner”) and Perini ▇▇▇▇▇▇▇▇ Joint Venture (“Construction Manager”) pursuant to the
Agreement dated May 9, 2005 (“Agreement”) executed by the parties for the performance by the
Construction Manager of certain construction work and construction management services for the
▇▇▇▇▇▇▇ National Harbor Resort and Convention Center Project as identified therein.
| 1. | Pursuant to the Agreement, Construction Manager hereby agrees that the Guaranteed Maximum Price (“GMP”) for the Work to be performed on the Project (including all Work under this GMP Amendment Number 17 and all Work previously authorized pursuant to GMP Amendments shall be $737,656,945 and that the GMP is accounted as follows: (a) the Preconstruction Services equals $350,000, (b) the Construction Manager’s Lump Sum General Conditions equals $24,459,680, (c) the Cost of the Work equals $675,131,901, (d) the Construction Manager’s Fee equals $21,525,860, (e) Contingency equals $15,938,947, (f) the Mock-up Room Cost of Work equals $250,557. |
OWNER
|
CONSTRUCTION MANAGER | |
▇▇▇▇▇▇▇ NATIONAL, LLC
|
PERINI ▇▇▇▇▇▇▇▇ JOINT VENTURE | |
By: ▇▇▇▇▇▇▇ Hotels, Inc. sole member |
By:
|
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | By: | /s/ ▇▇▇▇ Sapowski | |||
| ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | ▇▇▇▇ Sapowski | |||||
Title:
|
Vice-President | Title: | Sr. VP |